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Retail Sales Surge in Core Categories Boosts GDP Forecasts; Democratic Leaders Urge Biden to Step Down Amid Rising Tensions
While overall retail sales were unchanged in June, excluding the volatile components of food, gasoline, automobiles and building...
Ballestas Group
Jul 22, 20241 min read
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Powell's Testimony Highlights: Labor Market Cooling, Rate Cut Hints, and Commercial Real Estate Risks
Federal Reserve Chairman Jerome Powell testified on Capitol Hill on Tuesday and Wednesday of this week, where he acknowledged that the...
Ballestas Group
Jul 15, 20241 min read
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Powell Predicts Inflation Easing as Supreme Court Shields Trump in Official Acts and Biden Faces Political Turmoil Amid Weak PMI Data
At the ECB's Annual Forum in Sintra, Portugal, Federal Reserve Chairman Jerome Powell said that prices appear to be resuming a...
Ballestas Group
Jul 8, 20241 min read
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Mixed Economic Signals: Fed's Inflation Gauge Eases, GDP and Consumer Confidence Revised Down, Housing Market Falters
The core personal consumption expenditures price index (PCE), the Federal Reserve's preferred measure, rose just 0.1% from the previous...
Ballestas Group
Jul 1, 20241 min read
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Deficit Soars, Inflation Persists, Markets React: Key Economic Shifts Unveiled
The Congressional Budget Office (CBO) substantially revised upward its estimate of the U.S. budget deficit for 2024, raising it to $1.9...
Ballestas Group
Jun 24, 20241 min read
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Fed Holds Rates Steady Amid Cooling Inflation: Market Awaits Revised Projections
Shortly before the Federal Open Market Committee met on Wednesday to set interest rates, data were released showing that U.S. consumer...
Ballestas Group
Jun 17, 20241 min read
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Jobs Surprise Upward Boost: Strong Data Redraws Fed Expectations and Challenges Soft Landing
Friday's employment report showed an increase of 272,000 jobs in May, well above the consensus forecast of a 180,000 increase and...
Ballestas Group
Jun 10, 20241 min read
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Market Relief: Inflation Under Control and Cooling Consumer Spending Boosts Treasury Bonds
A sense of relief swept through the markets following the release of the Federal Reserve's preferred measure of inflation, the core...
Ballestas Group
Jun 3, 20241 min read
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Earnings Season Wrap-Up: S&P 500 Shines with Surprising Growth, NVIDIA Leads the Charge with Record-Breaking Results
The corporate earnings season is coming to an end with 96% of the companies in the S&P 500 index having already reported their results,...
Ballestas Group
May 28, 20241 min read
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Wall Street Records: Dow Jones Breaks 40,000 as Inflation Decelerates and Rate Cut Probabilities Rise
The S&P 500 index, Nasdaq and Dow Jones reached record levels this week. The Dow surpassed the 40,000 level for the first time. Consumer...
Ballestas Group
May 20, 20241 min read
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Rate Cuts on the Horizon: New York Fed President Optimistic as Jobless Claims Rise
On Monday, New York Fed President and FOMC Vice Chair John Williams, one of the most influential committee members, said that...
Ballestas Group
May 13, 20241 min read
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Powell Surprises Markets: Rate Cuts on the Horizon?
The Federal Open Market Committee met on Wednesday, and markets were expecting a more conservative approach due to inflation concerns....
Ballestas Group
May 6, 20241 min read
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Rising Expectations: Treasury Yields and Inflation in Focus
Yields on 10-year Treasuries hit a high of 4.735% after the underlying personal consumption expenditures price index rose 3.7% in the...
Ballestas Group
Apr 29, 20241 min read
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Housing Market Crash and Rising Tariffs: Economic Impact on U.S. and China
Existing home sales in the U.S. fell 4.3% month-over-month in March as mortgage rates rose to 7.1%. Also, new residential construction...
Ballestas Group
Apr 23, 20241 min read
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Expectations Review: Fewer Rate Cuts on the Horizon?
After three higher-than-expected CPI indices, investors recalibrated their expectations for rate cuts, projecting fewer reductions....
Ballestas Group
Apr 15, 20241 min read
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On the Road to Success: Investor Expectations in the Face of Federal Comments and Solid Economic Growth
Investors await comments from the Federal Reserve and key economic data such as Personal Consumption Expenditures (PCE) in this...
Ballestas Group
Mar 28, 20241 min read
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Fed adopts cautious stance: no change in rates, but anticipates balance sheet cuts and adjustments
The Federal Reserve held the federal funds rate in the 5.25% to 5.50% range at this week's Federal Open Market Committee meeting, but...
Ballestas Group
Mar 25, 20241 min read
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Rising Inflation Sparks Uncertainty over June Fed Rate Cuts
The CPI report showed that the super core measure (basic services excluding housing) increased by 0.47%, too high, although an...
Ballestas Group
Mar 18, 20241 min read
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Economic Trends: Jerome Powell contemplates rate cuts as Fed assesses inflation.
This week Jerome Powell, chairman of the Federal Reserve, gave his semi-annual testimony in front of U.S. lawmakers. In it, Powell said...
Ballestas Group
Mar 11, 20241 min read
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Strong Momentum! U.S. GDP Update Reveals Encouraging Trends for First Quarter 2024
The week saw the release of revised U.S. Gross Domestic Product (GDP) data which came in at 3.2%, down 0.1% from a month ago. However,...
rballestas
Mar 4, 20241 min read
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